#CryptoFees101

💰 What is the "stablecoin of major tech companies"?

It is a digital currency:

Linked to a stable currency like the dollar or euro (i.e., it does not fluctuate much).

Issued or managed by a major tech company like Meta (formerly Facebook), Amazon, Apple, Google, or Microsoft.

Its goal is to facilitate digital payments, online purchases, or financial transfers.

🧠 Examples:

"Libra" coin from Facebook (later became "Diem"): was an attempt to launch a global stablecoin, but the project was halted due to governmental and regulatory objections.

Internal digital currencies that may be launched by Amazon or Apple in the future for use on their platforms.

⚖️ Controversy and Risks:

Oversight and Regulation: Governments fear losing control over the financial system.

Privacy: Integrating users' financial data with their digital data raises concerns about comprehensive surveillance.

Monopoly: Stablecoins may be used to enhance the dominance of major companies and reduce competition.

💡 Why is it important?

It could revolutionize global payment systems (faster, cheaper, borderless).

It represents a challenge to central banks and traditional banks.

It could be a bridge to government digital currencies (CBDC) or a competitor to them.